Graycor Construction Co. has hired Stephanie Handley as business development manager for the southwest region. In her role on the construction company's leadership team, Handley will direct sales and marketing efforts to strategically grow the company's local and regional market share. In particular, she will support growth in office and industrial projects as well as in new development opportunities in the retail and hospitality sectors.

"Graycor's corporate culture was a great fit from the start, both personally and professionally," Handley tells GlobeSt.com about her reason for joining the firm. "We work hard toward common goals but appreciate the importance of work-life balance, and we are encouraged to share ideas and take personal accountability while always placing the highest value on respect, teamwork and collaboration. That is a wonderful benefit for a person in my position, who is out every day working to match our company's culture and capabilities with market opportunities."

Handley's addition is part of the firm's growth strategy. While it already has a strong presence in the Southwest market, recent growth as created more opportunity. "It also helps our team to effectively implement Graycor's platform, which uses regional offices to deploy its vast set of corporate capabilities," says Handley. "In the Southwest, Graycor has a strong presence in office and industrial but there is significant market share still to be earned—not only in office and industrial but also in other product types where Graycor has decades of experience, like hospitality and retail."

Handley will work with both local developers and national brands looking to grow their presence in the Phoenix and Southwest areas. "I am excited at the prospect of growing our pipeline of work with local and regional developers and to pursue opportunities for major national clients follow us to Phoenix, as has been done with FedEx and Amazon," she says. "We are set up to travel, so a global company can use Graycor as easily in Arizona as they would on the East Coast, in the Midwest or in California."

And, there is a strong runway left for both of these market segments. "I stay up-to-date on the geopolitical climate, election news and recession fears, and while it is good to be mindful of all of these forces, I'm still extremely bullish on Arizona's commercial real estate market," says Handley. "We may be seeing some small and very early shifts in the highest tier markets but Phoenix continues to be a destination attracting new business every day. That is keeping vacancy rates low and demand high, and gives us a solid growth runway for the next 12 to 24 months, and possibly beyond."

Instant Insights /

Graycor Hires Stephanie Handley for Business Development

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